{"id":85549,"date":"2023-10-10T14:39:46","date_gmt":"2023-10-10T11:39:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85549"},"modified":"2025-09-13T00:00:10","modified_gmt":"2025-09-12T21:00:10","slug":"charles-hoskinson-compared-sbf-to-the-founder-of-the-largest-ponzi-scheme-in-history","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/charles-hoskinson-compared-sbf-to-the-founder-of-the-largest-ponzi-scheme-in-history\/","title":{"rendered":"Charles Hoskinson compared SBF to the founder of the largest Ponzi scheme in history"},"content":{"rendered":"<p>Cardano founder Charles Hoskinson compared former FTX CEO Sam Bankman-Fried (SBF) to the founder of the largest Ponzi scheme<a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%9C%D0%B5%D0%B9%D0%B4%D0%BE%D1%84%D1%84,_%D0%91%D0%B5%D1%80%D0%BD%D0%B0%D1%80%D0%B4\"> <\/a>for $64.8 billion <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%9C%D0%B5%D0%B9%D0%B4%D0%BE%D1%84,_%D0%91%D0%B5%D1%80%D0%BD%D0%B0%D1%80%D0%B4\">\u0411\u0435\u0440\u043d\u0430\u0440\u0434\u043e\u043c \u041c\u0435\u0439\u0434\u043e\u0444\u0444\u043e\u043c<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Looking at Michael Lewis&#8217;s dumpster fire of a book, there seems to be a group of people in the elite circles who desperately want to somehow get a public exoneration for SBF. We saw this with the kid gloves treatment by the New York times and now a book that&#8217;s basically an\u2026<\/p>\n<p>\u2014 Charles Hoskinson (@IOHK_Charles) <a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/1711200924436172973?ref_src=twsrc%5Etfw\">October 9, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Thus the Cardano founder reacted to the content of <a href=\"https:\/\/u1f987.com\/en\/news\/michael-lewis-reveals-details-of-sbfs-relationship-with-caroline-ellison\">the Michael Lewis book Going Infinite<\/a>, which concerns<a href=\"https:\/\/u1f987.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\">the collapse of the FTX cryptocurrency exchange<\/a>.<\/p>\n<p>Hoskinson also accused the media of giving SBF &#8216;freedom of action&#8217;.<\/p>\n<p>In his view, the attention they gave him, despite evidence of illegal misappropriation of funds, shows how corrupt the entire system has become. Especially, &#8216;if you have the right friends&#8217;, he added.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>Seems there is a group in the elite that is trying to secure a public exoneration for SBF. We saw this in the<\/em><a href=\"https:\/\/u1f987.com\/en\/news\/sam-bankman-fried-defends-actions-that-led-to-the-ftx-collapse\"><em>New York Times article<\/em><\/a><em>, and now in a book that is basically a tour of apologies<\/em>,<\/p>\n<\/blockquote>\n<p>During<a href=\"https:\/\/u1f987.com\/en\/news\/acted-in-good-faith-early-days-of-the-sam-bankman-fried-trial\">hearings<\/a> into the seven criminal charges against Bankman-Fried it emerged that he spent millions of dollars crafting his image through aggressive PR spending.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u201cHe didn\u2019t buy a yacht, did he?\u201d<\/p>\n<p>Things SBF did buy:<\/p>\n<p>$100 million naming rights to a stadium<br \/>$25 million Super Bowl ad<br \/>$55 million for Tom Brady\u2019s time<br \/>$10 million for Larry David\u2019s time<br \/>$300 million in luxury real estate<br \/>$80 million for politicians<br \/>$30 million for private jets<\/p>\n<p>\u2014 H.E. Cas Piancey (@CasPiancey) <a href=\"https:\/\/twitter.com\/CasPiancey\/status\/1710104530837549115?ref_src=twsrc%5Etfw\">October 6, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier it was reported that U.S. authorities seized <a href=\"https:\/\/u1f987.com\/en\/news\/us-authorities-confiscate-sam-bankman-frieds-planes\">two aircraft owned by SBF<\/a>.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"ElayVdP8tg\"><p><a href=\"https:\/\/u1f987.com\/en\/news\/sam-bankman-fried-received-2-2-billion-from-ftx-and-alameda-research\">Sam Bankman-Fried received $2.2 billion from FTX and Alameda Research<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cSam Bankman-Fried received $2.2 billion from FTX and Alameda Research\u201d \u2014 ForkLog\" src=\"https:\/\/u1f987.com\/news\/sem-benkman-frid-poluchil-2-2-mlrd-ot-ftx-i-alameda-research\/embed#?secret=DJ0tEvIpAZ#?secret=ElayVdP8tg\" data-secret=\"ElayVdP8tg\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>In September, lawyers <a href=\"https:\/\/u1f987.com\/en\/news\/lawyers-weigh-in-on-sam-bankman-frieds-chances-in-court\">assessed<\/a> Bankman-Fried&#8217;s chances in court. They went through the charges and calculated the potential sentence for the defendant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano founder Charles Hoskinson compared former FTX CEO Sam Bankman-Fried (SBF) to the founder of the largest Ponzi scheme in history, Bernard Madoff.<\/p>\n","protected":false},"author":1,"featured_media":85550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[471,1236,1138,1403],"class_list":["post-85549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-charles-hoskinson","tag-ftx","tag-opinions","tag-sam-bankman-fried"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=85549"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85549\/revisions"}],"predecessor-version":[{"id":85551,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85549\/revisions\/85551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/85550"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=85549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=85549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=85549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}